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Bryan Insurance Agency, LLC

287 Windsor Hwy, Suite 350
New Windsor, NY 12553

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What Coverages Does a Business Owners Policy (BOP) Provide?

When you launch a commercial venture, you need extensive preparation to make your business a success. You might not think of insurance as one of those must-haves, but it tops the list.

Business or commercial insurance protects your financial investment in your company. Bryan Insurance Agency, LLC of New Windsor, NY wants you to understand your options. In this article, we examine the most commonly purchased business insurance policy, the business owner’s policy (BOP).

In a BOP, you obtain three types of insurance that every business needs. By bundling the coverage together, the BOP costs less than buying each policy separately.

Your BOP policy from Bryan Insurance Agency, LLC can include liability coverage, property damage, and business interruption coverage. These three types of policy get purchased most often by businesses of every size.

This means that a BOP covers when a tornado hits your office or lightning strikes it, starting a fire. You have the insurance to pay for the damage repairs to the structure and any personal or business property inside that incurs damage. All named perils included in the policy receive this coverage.

Its liability component covers when someone slips and falls in your place of business, whether it is a storefront, a recording studio, or a public relations firm.

The business interruption coverage protects your financial future by providing for lost income when a named peril temporarily shuts down your business. The aforementioned fire, for example, would require you to close up shop at that location while you had repairs made. The business interruption component pays you for this lost operating time. This enables you to keep your employees because you can pay for them.

Find out if a BOP would work for your company by contacting us today. We want the New Windsor, NY area to thrive, and that takes adequate financial planning. Let us help you achieve that.